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In Re the Accounting of Bankers Trust Co.
277 N.Y. 650
| NY | 1938
|
Check Treatment

Motion for a reargument or to amend remittitur denied, with ten dollars costs and necessary printing disbursements.

We think our opinion in Matter of Otis (276 N.Y. 101) does not imply that fiduciaries may distribute surplus income before all advances from principal are repaid. We are also of opinion that no valid distinction may be made in that regard between "principal obligations" and "income obligations." *Page 651

Case Details

Case Name: In Re the Accounting of Bankers Trust Co.
Court Name: New York Court of Appeals
Date Published: Mar 8, 1938
Citation: 277 N.Y. 650
Court Abbreviation: NY
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